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Nebius Boosts AI Cloud Revenue With $27B Meta Deal and $3.4B NVIDIA Contract

Nebius Group logoNebius Group
Sig3.55Sen+6.73Env0.00Soc+0.88Gov0.00
IREN (Iris Energy) logoIREN (Iris Energy)
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Nebius reported Q2 revenue of $582.3 million, up 454% year over year, with its AI Cloud unit generating $574.9 million and 50% adjusted EBITDA margin. AI Cloud revenue reached $70.5 million and more than doubled sequentially. The Tavily acquisition adds a developer community of 2.5 million, while Nebius booked large contracts including a $27B Meta agreement and a $3.4B NVIDIA deal.

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